Samsung Asset to launch S.Korea's first obesity treatment ETF

Samsung Asset to launch S.Korea's first obesity treatment ETF

Korea Exchange announced on Thursday that it will list Samsung Asset Management's "KODEX Global Obesity Treatment Top 2 Plus exchange-traded fund (E...

Doosan to form $75 mn fund for new techs

Doosan to form $75 mn fund for new techs

Doosan Investment, the corporate venture capital (CVC) arm of South Korea's Doosan Group, has formed a 100 billion won ($75 million) fund, focusin...

S.Korean investors name their 42 favorite alternative asset managers

S.Korean investors name their 42 favorite alternative asset managers

Apollo Asset Management, Warburg Pincus and Lexington Partners are South Korean institutional investors’ most preferred private equity firm...

Doosan Enerbility faces record $15 mn in fines for improper bookkeeping

Doosan Enerbility faces record $15 mn in fines for improper bookkeeping

South Korea's major power plant builder Doosan Enerbility Co. faces a record-breaking fine to the tune of about 20 billion won ($15 million) over it...

Korea’s telemedicine startups seek growth abroad

Korea’s telemedicine startups seek growth abroad

South Korea’s telemedicine startups are seeking growth opportunities abroad in the face of regulations such as drug delivery restrictions that...

Warren Buffett’s IMC to invest $98 million in Daegu for chip materials plant

Warren Buffett’s IMC to invest $98 million in Daegu for chip materials plant

DAEGU – The IMC Group, owned by Warrant Buffett’s Berkshire Hathaway Inc., will invest 130 billion won ($98 million) to build a semicond...

One Store attracts $50 mn investment from Digital Turbine

One Store attracts $50 mn investment from Digital Turbine

South Korean homegrown app store One Store Co. has attracted a $50 million investment from the Nasdaq-listed US-based mobile platform company Digi...

Lotte to sell 7-Eleven’s ATM unit in Korea for around $38 mn

Lotte to sell 7-Eleven’s ATM unit in Korea for around $38 mn

Lotte Group is set to sell the automated teller machine (ATM) business of Korea Seven Co., the operator of convenience store chain 7-Eleven in South...

Harim gives up HMM deal over management rights dispute

Harim gives up HMM deal over management rights dispute

South Korea's leading poultry processor Harim Co. has walked away from a $5 billion deal to buy HMM Co., South Korea’s No. 1 ocean carrier, re...

South Korea’s Exports Get off to Strong Start in 2024

South Korea’s Exports Get off to Strong Start in 2024

South Korea’s exports got off to a strong start this year, with shipment growth accelerating in January amid solid demand for semiconductors...

GM chair to visit Korea, meet LG Energy, Samsung SDI CEOs

GM chair to visit Korea, meet LG Energy, Samsung SDI CEOs

General Motors Chair and Chief Executive Mary Barra will visit South Korea on Wednesday to meet leaders of LG Energy Solution Ltd. and Samsung SDI C...

Kia rides defense sector boom with military vehicles

Kia rides defense sector boom with military vehicles

Kia Corp., South Korea’s second-largest automaker, has unveiled its next-generation military vehicle technologies at the largest defense exhib...

Hanwha Q Cells to unveil Q.TRON G2 solar module

Hanwha Q Cells to unveil Q.TRON G2 solar module

Hanwha Q Cells Co., a solar power unit of South Korean conglomerate Hanwha Group, announced on Monday that it will unveil its new solar module ser...

SK Telecom gears up for AI leap in 2024

SK Telecom gears up for AI leap in 2024

SK Telecom Co., South Korea’s largest mobile carrier, will expedite its transition into an artificial intelligence company this year after its...

Korea needs sustainable ecosystem for startup accelerators

Korea needs sustainable ecosystem for startup accelerators

South Korea needs to create a “sustainable ecosystem” to nurture influential startup accelerators like US tech startup accelerator Y Com...

Lexus tops imported car brands in Korea driver survey

Lexus tops imported car brands in Korea driver survey

Lexus ranked tops in a customer satisfaction survey of imported-car drivers in South Korea, which also found positive responses to the online purcha...

Korea’s luxury resort market blossoms despite slow economy

Korea’s luxury resort market blossoms despite slow economy

South Korea’s luxury resort market seems to operate out of sync with the economy. High-end operators are opening swanky holiday resorts in Kor...

Naver logs record earnings on e-commerce, content; stocks up

Naver logs record earnings on e-commerce, content; stocks up

South Korea’s online giant Naver Corp. reported record earnings on strong performances of its e-commerce and content businesses, sending its s...

POSCO Int’l to invest $760 mn in energy business in 2024

POSCO Int’l to invest $760 mn in energy business in 2024

POSCO International Corp., a South Korean general trading and energy exploration company, will invest 1 trillion won ($760 million) in its energy bu...

Hyundai, Kia EV sales on a roll in US due to better style, pricing

Hyundai, Kia EV sales on a roll in US due to better style, pricing

Hyundai Motor Co. and its sibling Kia Corp. sold 6,627 units of electric vehicles together in the US last month, 51% more than a year ago as their d...

Korea’s inflation at 6-month low in further relief to BOK

Korea’s inflation at 6-month low in further relief to BOK

South Korea’s headline inflation dropped for a third straight month to a six-month low on declining oil prices, adding relief to the central b...

S.Korea, Indonesia agree to free up flight routes

S.Korea, Indonesia agree to free up flight routes

South Korea and Indonesia have agreed to allow unrestricted flight operations between their regional airports. This announcement, made by Seoul's Mi...

Naver expands Papago with Arabic translation, boosting global reach

Naver expands Papago with Arabic translation, boosting global reach

South Korea's leading online portal Naver Corp. announced on Friday the addition of Arabic translation capabilities to its AI-driven translation ser...

SK Hynix to build US chip packaging plant in Indiana: FT

SK Hynix to build US chip packaging plant in Indiana: FT

SK Hynix Inc., the world’s second-largest memory chip producer, is reported to have picked Indiana as the site for its advanced chip packaging...

Korean LPs stick to private debt amid market uncertainties

Korean LPs stick to private debt amid market uncertainties

South Korean limited partners will tap private debt as their most preferred asset class in 2024 to secure stable income amid geopolitical conflicts an...

S.Korea’s 2024 exports get off to strong start on China, semiconductors

S.Korea’s 2024 exports get off to strong start on China, semiconductors

South Korea’s exports, the country’s main growth driver, got off to a robust start in January, buoyed by a rebound in semiconductor ship...

Japan approves Korean Air-Asiana merger

Japan approves Korean Air-Asiana merger

Japan has finally given the nod to the merger between South Korea’s No. 1 full-service carrier Korean Air Lines Co. and No. 2 Asiana Airlines ...

SK Networks ties up with US-based Bow Capital for investments

SK Networks ties up with US-based Bow Capital for investments

SK Networks Co., a South Korean trading company, joined hands with Silicon Valley-based venture capital firm Bow Capital for investment cooperation,...

Amorepacific's profit halves on weak sales in China; shares drop

Amorepacific's profit halves on weak sales in China; shares drop

South Korean cosmetics giant Amorepacific Group's stock closed at 3,400 won ($2.6) on Wednesday, down 12.1% after the group announced disappointing ...

AliExpress’ zero-commission offer jolts Coupang, Naver

AliExpress’ zero-commission offer jolts Coupang, Naver

AliExpress, an e-commerce arm of China’s Alibaba Group, has offered Korean companies zero commissions, under which it will not charge a sales ...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race